Posted on Jun 26, 2024
55-year-old Americans are 'critically underprepared' for retirement, survey finds
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Some analysts believe that 50 somethings will be living with their children for support instead of 20 somethings with parents.
55-year-old Americans are 'critically underprepared' for retirement, survey finds
Posted from cnbc.com
Generation
Retirement
Personal Finance
Posted 10 d ago
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LTC Eugene Chu retired at 55 with ample $$$ to live comfortably.. God is Good...
The study found that 67% of 55-year-olds surveyed said they fear they will outlive their savings, compared with 59% of 65-year-olds and 52% of 75-year-olds. To that point, with just a decade until retirement, 55-year-old Americans have less than $50,000 in median retirement savings, the study reported.
The study found that 67% of 55-year-olds surveyed said they fear they will outlive their savings, compared with 59% of 65-year-olds and 52% of 75-year-olds. To that point, with just a decade until retirement, 55-year-old Americans have less than $50,000 in median retirement savings, the study reported.
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